Eight blockchain associations from different US states have come together to create the North American Blockchain Association (NABA). This association aims to provide cohesive crypto policy recommendations to the federal government. The NABA will act as a formalized platform for the state associations to share best practices and information while also allowing them to collaborate when needed. The association includes members from Texas, Alabama, California, Florida, Ohio, Pennsylvania, Virginia, and Washington. The Texas Blockchain Council, one of the members of NABA, receives a large portion of its funding from bitcoin miners, including companies like Coinbase and Galaxy Digital Holdings. The council is optimistic that the Trump administration will provide fair and consistent rules for the bitcoin mining industry. Texas is a popular destination for bitcoin miners due to its advantageous tax regime, abundant energy, and renewable energy projects. However, concerns have been raised about the grid's ability to handle the growing demand, including that from bitcoin miners. The NABA believes that the grid will experience 5-6% growth per year in the next decade, creating new planning requirements for large energy consumers.



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